725 W 83rd Street Los Angeles, CA $ 695,000
725 W 83rd Street
$ 695,000
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725 W 83rd Street

Los Angeles, CA, 90044
$ 695,000
Bedrooms5 Baths2.0 Sq 1,963

Monthly Estimate*

$ 4,855

Listed by Christie's AKG
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Multi-Family Home for sale in Los Angeles, CA

for $695,000 with 5 bedrooms and 2 full baths. This 1,963 square foot home was built in 1921 on a lot size of 0.1378.

Introducing a remarkable investment opportunity! This meticulously maintained duplex features two spacious 3-bedroom, 2-bathroom units, providing versatile living spaces for residents. Nestled within a gated property, the front and back units share only one common wall, ensuring privacy and tranquility for both occupants. The front yard is exclusively dedicated to the front house, while ample parking is available at the back, enhancing convenience for residents. The back unit, constructed in 2005, boasts modern amenities such as new wood-like vinyl floors, a separate kitchen, and ample closet space. Meanwhile, the front unit offers an open floor plan, covered front and back porches, and laundry hookups. Whether you're seeking to generate rental income or live in one unit while renting out the other, this duplex presents endless possibilities for financial growth and investment. Zoned R3, there's potential for further development, including the option to build multi-unit structures. This presents a compelling opportunity for investors looking to maximize their returns and expand their portfolio in a thriving rental market. Located in a desirable area with strong rental demand, this property promises lucrative returns. Offer subject to inspection, drive-by only. PLEASE DO NOT APPROACH THE TENANTS.

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Multi-Family Active

Price

$ 695,000

Bedrooms

5

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1378

Year Built

1921

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24377244

Days on Market

19

Features
General
Heating NaturalGas
Cooling None
Appliances Refrigerator
Zoning LAR3
Year Built 1921
Stories 1
Levels One
Gross Income 64140.0
County Los Angeles
Net Operating Income 54493.93
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Google Maps
City Los Angeles
View Y/N N
Senior Community Y/N N
Open Parking Spaces 2.0
Total Units 2
MLS Area C36 - Metropolitan Southwest
Lot Size Square Feet 6001.0
Private Pool N
Waterfront Y/N N
Carport Y/N Y
Street Name 83rd
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 14
Standard Status Active
Cap Rate 7.7
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Exterior
Parking Features Carport
Total Parking 2.0
Lot Size Area 6001.0
Number of Buildings 1
Spa N
Building Area Total 1963.0
Lot Dimensions 40x150
Lot Size Acres 0.1378
Lot Size Units SquareFeet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Street Suffix Street
Total Bedrooms 5
Electric On Property Y/N N
Total Baths 2
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Internal Only
Street Number 1 725
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* Excluded Features
List By
Christie's Akg

Broker

(323) 828-5023

Phone

Affordability Calculator

$4,855
Per Month
100%
0%
0%
Monthly Principal & Interest
$4,855
Monthly Property Taxes
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/30/2024$695,000 Listed Price

Map


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725 W 83rd Street, Los Angeles, CA, 90044 is a Multi-Family Home for sale at $695,000 with 1,963 sqft and a lot size of 0.1378. 725 W 83rd Street has 5 bedrooms, 2.0 baths, and was built in 1921. The property's zip code is 90044 which is in Los Angeles, CA